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help! Crane Company closes its books on its July 31 year-end. The company does not make entries to accrue for interest except at its yearend.
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Crane Company closes its books on its July 31 year-end. The company does not make entries to accrue for interest except at its yearend. On June 30 , the Notes Receivable account balance is $25,000. Notes Receivable include the following. During July, the following transactions were completed. July 5 Made sales of $4,380 on Crane credit cards. 14 Made sales of $400 on Visa credit cards. The credit card service charge is 3%, 20 Received payment in full from Coote Inc. on the amount due. 24 Received payment in full from Brady Co, on the amount due. Enter the balances at July 1 in the receivable accounts and post the entries to all of the receivable accounts. (Post entries in the order of jou Enter the balances at July 1 in the receivable accounts and post the entries to all of the receivable accounts. (Post entries in the order of jou Step by Step Solution
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